GEICO actuaries do more than crunch numbers!
As an actuary at GEICO, you'll work on teams to develop products, analyze insurance industry trends, write business proposals, give presentations, and interact with associates from across the company. We're hiring entry-level candidates as Actuarial Assistants within Pricing or Reserving — both departments are located at our corporate office in Chevy Chase, Maryland.
- As a pricing actuary, you'll assist in setting the rates in various states for our insurance products, including auto, motorcycle, RV, boat and/or ATV.
- In reserving, you'll help forecast and determine the amount of money GEICO needs to hold on to (in reserve) in order to make payments on existing and future insurance claims.
Actuarial Exam Support You Deserve
An important part of an actuary's professional development involves advancing through a series of exams offered by the Casualty Actuarial Society (CAS). As an Actuarial Assistant at GEICO, you will receive support throughout your career as an actuary, including:
- Up to 115 paid study hours per exam
- Opportunities to take review courses
- On-site quiet rooms for studying
- Financial support for CAS exams and VEE courses
- First-time passing bonuses
- An exam coordinator to assist with exam processes
As you pass your actuarial exams, you may be eligible for raises and performance-based promotions. If your goal is to become a CAS Fellow ... then we'll help you achieve it!
Ideal Actuary Candidates
For actuary jobs, we're looking for bright, driven individuals who have:
- A Bachelor's degree in Mathematics, Statistics, Economics, Actuarial Science or related field
- At least a 3.0 overall undergraduate GPA and a 3.2 in-major GPA
- SAT score of at least 600 in Math and 500 in other sections or equivalent standardized test score
- Very good quantitative, analytical and problem-solving skills
- Strong communication skills and demonstrated leadership potential
- Proficiency using Microsoft Office and some computer programming knowledge, such as Access, SAS, SQL or other language
- A commitment to taking and passing actuarial exams
- Preference is given to candidates who have passed at least one exam
- A desire to work and live in the Washington, D.C. area
Want to learn more about actuarial jobs?
Research careers as an actuary further by visiting www.beanactuary.com or www.casact.org.
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